5480 CLUB INCORPORATED

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1970

Legal Domicile

Principal Officer

Lowell Jesse Powell

Phone

7579300491

Tax Period

2025-01-01 to 2025-12-31

5480 CLUB INCORPORATED, founded in 1970, is a small nonprofit that reported $153K in total revenue in fiscal year 2025. Revenue decreased 5% compared to the prior year. Net assets of $1.3M represent 105 months of operating reserves.

Mission

We are a holding company for Knights of Columbus Council 5480. We provide facilities and funds for the Council and the City of Newport News.

Program Service Accomplishments

Program 1

Provide facilities for Council 5480 charitable activities.

Program 2

Provide facilities for City of Newport News voting events.

Program 3

Provide funds to supplement Council 5480 charitable events

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $40,000

Other Revenue $113,091

TOTAL REVENUE $153,091

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $151,809

TOTAL EXPENSES $151,809

Year-over-Year Comparison

	2025	2024	Change
Revenue	$153,091	$161,790	-0.1%
Expenses	$151,809	$153,455	0.0%
Net Income	$1,282	$8,335	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

600

Independent Members

600

Employees

N/A

Volunteers

600

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James Obrien	Trustee	1	Director	$0	$0	$0
Joseph Drozdowski	Trustee	8	Director	$0	$0	$0
Carroll Kelley	Trustee	8	Director	$0	$0	$0
Steve Taylor	Trustee	16		$0	$0	$0
Kevin Konouck	Immediate Past President	8	Officer	$0	$0	$0
Jesse Powell	President	8	Officer	$0	$0	$0
Harold Hairston	Secretary	8	Officer	$0	$0	$0
John Edwards	Treasurer	8	Officer	$0	$0	$0
Rick Schirm	Vice President	8	Officer	$0	$0	$0
Patrick McFadden	Council Represntative	1	Officer	$0	$0	$0
Steve Chipman	Assembly Representative	1	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$153,091	$151,809	$1,345,017	$1,282
2024	No data	No data	No data	No data
2023	$169,300	$167,800	$1,335,400	$1,500
2022	$38,190	$114,210	$1,313,143	$-76,020
2021	$125,826	$62,805	$1,389,163	$63,021
2020	$170,173	$150,662	$1,313,804	$19,511
2019	$256,118	$232,123	$1,224,826	$23,995